BlockBeats reported that on December 4, QCP Capital posted on its official channel that Trump announced a proposal in November to eliminate the capital gains tax on cryptocurrencies issued by U.S. companies. This ignited a frenzy in the altcoin market that has continued to this day. At the same time, expectations for a cryptocurrency-friendly cabinet have further fueled the market. Although related events in South Korea yesterday caused BTC trading prices to briefly drop to a low of 93,500, the subsequent rebound of mainstream cryptocurrencies and altcoins only indicates how bullish the market currently is.
QCP Capital believes that there are indeed some macro risks in the short term. Concerns about inflation rising again have led the market to reduce expectations for U.S. interest rate cuts to only 3 times in 2025. There are also geopolitical risks from Trump regarding China, Mexico, Canada, and BRICS countries. However, despite these risks, it believes that the cryptocurrency market still has the potential to rise. Trump's team is likely to formulate cryptocurrency-friendly policies to attract more institutional interest. A BTC breakout above 100,000 is possible, while an ETH breakout above its all-time high seems more like a reality than a dream. Respect the surge.
